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20121123
20121123
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English 95
Search Results 0 to 49 of about 97 (some duplicates have been removed)
PBS
Nov 22, 2012 4:30pm PST
. >> tom: i'm tom hudson. massive spending cuts and tax hikes are set to hit the u.s. economy on january first. by most estimates if we go over the cliff, the u.s. onomy will plunge into recession. >> susie: we look at the impact of the coming cliff and whether congress and the white house can strike a deal. >> tom: that and more tonight on n.b.r.! it was the chairman of the federal reserve ben bernanke who first called it a fiscal cliff. he described the coming automatic cuts in government spending and increases in taxes as, quote, "a massive fiscal cliff," end quote. here's what he was describing: on january 1, 2013, tax breaks worth $416 billion will expire. spending on things like defense, medicare payments to doctors will be slashed by $65 billion. add it all up and you are talking about cutting roughly half a trillion dollars from the federal budget. the congressional budget office and others warn going over the cliff will send the economy into a recession in the first half of next year. it was congress and the white house that set the deadline in hopes of forcing each other to cut
FOX News
Nov 23, 2012 1:00pm PST
are to have fun. thank you. so, another republican dixing a no tax hike pledge. does that mean tax hikes are coming? with verizon. hurry in this friday for great deals. like the droid razr by motorola in cranberry, free. or a white 7-inch samsung galaxy tab 2, just $99.99. this friday, get the best deals on the best devices on the best network. exclusively at verizon. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of
FOX Business
Nov 22, 2012 7:00pm EST
and tax increases that will take place if lawmakers fail to reach a deal before the end of this year. since president obama's reelection, democrats and republicans have staked out their positions on how to resolve this potential crisis. the president wants higher taxes on the rich, specifically over one half trillion over the next decade. >> what i'm concerned about is not finding ourselves in a situation where the wealthy are not pay more or are paying as much as they should. middle-class families making a difference. lou: house speaker john baena says new revenue should be raised through tax reform, not raising taxes. >> we have talked about this for every year. you can lose all kinds of limitation in doubt. the specifics at this point, would not be conducive to try to come to agree with the white house. lou: who blinks first? we take all that up here tonight. how can the republican party broadened its base following governor romney's defeat? we will be talking with the author of the best-selling book the amateur and former senior staff member and president george w. bush administr
FOX Business
Nov 23, 2012 3:00pm EST
're willing to do tax revenue and that could be or would be the key to any agreement to avoid the fiscal cliff and get the country's books back in order. gerri: you will be covering this for a long time. thanks for that. this black friday wal-mart shoppers think protests, it is not a superstore workers on the picket line. jeff flock joins us with more. jeff: a few of them but the majority were not wal-mart workers but members of other unions like the teamsters, the uaw, it was built today as a demonstration against the notion of working on thursday on thanksgiving. the day before black friday. but the protest when it came down to it wasn't so much about that. was against walmart's practice of paying minimum-wage, not giving workers enough money in their view and about work rules. that is what the actual protests came down to. it was organized by organization called our walmart, the shadow union for the non-union walmart and well-organized by united food and commercial workers union which is trying to organize at wal-mart. take a look at what the company has to say, speaking for walmart was vic
FOX Business
Nov 23, 2012 2:00pm EST
. u.s. debt mounts and tax hikes andrew the corner. guess what? there's plenty of ways to make money, even in an obama economy. we have all the information you need to rake it in, even when they say it's not, it's always about money. ♪ >> starting off, oil and energy, hosting money from houston, i sat down for an exclusive one-and-one with the ceo and co-founder of ki in, -- kinder morgan. we focus on the future of the energy business and natural gas. this is what he said. >> we need to have a level playing field. we need to have, in the energy field, for example, we have just tremendous opportunities, particularly in the natural gas area. we got a game changer here. we got a fuel that's cheap, abundant, domestic, plentiful.g we ought to be doing everythingp we canlo to exploit that. melissa: fracking for natural gas?oded >> natural gas in general.e the shale place, which, of course, predicated to fracking, but the opportunities forrtun natural gas, you want to talk about response to climate change and reducing co2 emissions, thio is the golden key to open the door more than most r
MSNBC
Nov 23, 2012 11:00am PST
on what to do about revenues with the white house saying the bush era tax rates should expire and republicans insisting any new revenues come from closing loopholes in the tax code. kristen welker joining us from the white house. he said the talks said to be stalled. what is the white house saying? >> reporter: they certainly know this is going to be a tough slog. certainly you had this sort of sense of bipartisanship after the leaders came to the white house. it seems as though that has gone awe with democrats digging in their heels on the issue of entit entitle. s and republicans on taxes. congress talking about some types of compromises, one that would include rolling back tax breaks for big corporations and wealthy americans as you just talked about. another one would potentially roll back the bush era tax cuts but instead of allowing rates to go back up to the clinton levels of 39%, maybe they would go back to 37%. these are just some ideas being talked about. you're absolutely right. there is nothing that really looks to be moving forward at this point in time. but the o
FOX Business
Nov 23, 2012 9:20am EST
the company private. the stock is down almost 60%. make no mistake, higher taxes are coming but the patriotic millionaires are ok with paying more taxes. last week on "varney and company" we confronted one of those millionaires. keith fitzgerald is after the break. we get his reaction to this. >> did you inherit wealth? >> yes i have inherited wealth but i have also made money on my own. stuart: when you inherited wealth. what about the rest of us who were strivers? [talking over each other] want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of qualittime and personal attention. which is why we are proud to partner wi health care professionals who understand the difference that ality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicar
FOX News
Nov 23, 2012 2:00pm PST
, that the tea party was born april 15th, 2009 on the heels of taxed enough already. every time you would talk to a tea party representative or person, any one of the groups and ask them, taxes, i get. what about social issues, what about contraceptive. they didn't want it talk about it. they want toed to talk about the social issues and somehow the democrats attached the social issues to the tea party. >> and bob, you have familiarity with that. >> what the heck. >> not obviously republican and democrats have shared losses over time and it's normal, right, for a party to go through a little amination a out where they're doing. >> and the impression-- i think one of the-- one lesson the republicans had on a serious note you have to do more than run against somebody. the focus of that campaign and the republicans generally was to vote against barack obama and dependent on the turnout against president obama and you need the policies and a lot of talk about the hispanic issue and you can't give away that many hispanic votes and you know you can get them and even mccain did better, but, unless th
MSNBC
Nov 23, 2012 3:00am PST
of positive talk following the election. even bill kristol talking about let's feel free to raise taxes if it's part of a bigger deal. a lot of elections don't have consequences, midterm elections. this was supposed to be a status quo election. but something happened here. i think the fever is starting to break. >> absolutely. you're going to see it, i think, on immigration reform, and i think you're going to see it on spending and taxation. and you don't have to effect or change basic tax rates. as you know, there's all sorts of things you can do on so-called tax expenditure dealing with home mortgage deductions, dealing with state and local taxes. also there's things obviously on the spending side, entitlements and domestic spending, this isn't that hard. this is, if you will, a mini-package. this isn't necessarily on the scale of simpson-bowles. it doesn't need to be. this ought to be doable. >> john heilemann, obviously both sides have to give. everyone's been saying that. there needs to be room for compromise, figure out how to get there. how does a deal look? is there a possibility of a
CSPAN
Nov 23, 2012 7:00am EST
arguments that were made. host: you would agree to raise taxes then? caller: absolutely. host: ray in arlington, texas, independent. caller: good morning. who says gridlock is bad? i am in favor of gridlock. it keeps the government out of my business. i like the previous caller's suggestion on referendum. when the constitution was passed, i can understand the power of the legislature. but today i think any law passed by the legislature should be turned into a referendum and voted on by all of us with on- line computers and free long- distance phone calls. let the people speak approval of what the congress passes or veto it. host: do you think enough people would get involved in the state conversation like that? caller: i do, on the issues they are passing now in congress, like spending, spending what they don't have. they're spending my money. the obamacare would never have passed in front of the american people when it was originally proposed and passed by a democratic house and executive branch. i think we have a runaway government that is in too much of my daily living and busin
FOX News
Nov 23, 2012 10:00am PST
passed two-and-a-half years ago, and it starts to unfold this january with new taxes. then insurance exchanges up and ready in october 2013. analysts, however, say the federal government is struggling in part because of the way the bill was thrown together. >> it was put together by a bunch of special interests, and that's why you get this rube goldberg contraption, we're having all these problems. >> reporter: now, just before thanksgiving the administration finally laid out what is called essential benefits which insurance companies need to structure and price their health care plans. but the administration is pressing its luck, because insurance companies usually need much more time than they have now. >> well, it typically takes anywhere from a year to a year and a half for an insurance company to develop new policies, get them approved by regulators and develop all the materials needed to sell them to consumers. >> reporter: requirements of the law still have not been completed. businesses of a certain size, for instance, have to have what is called adequate coverage in order to
KCSMMHZ
Nov 23, 2012 2:30pm PST
and the state coffers, but its treaty on tax evasion with the swiss has led to trouble. >> the deal was done and dusted with switzerland, but the german opposition has found a way to undo it. >> the government desperately wants this treaty, but the opposition was having none of it. >> we cannot have a situation where people who avoided taxes by hiding money overseas are left better off than if they had paid their taxes properly. >> the opposition says the treaty is not tough enough. it would allow people with funds in switzerland to remain anonymous, paying a retroactive flat tax rate to avoid further scrutiny, but the government says the swiss agreement is the best deal anyone can expect. >> we will not find a better way of collecting unpaid taxes from the past. switzerland promised customers confidentiality, and it will not abolish that retroactively. >> even so, these demonstrators outside the assembly welcomed the vote. now it is back to the drawing board to find a way to get germans with swiss bank accounts to pay up. >> this is a real hot button issue in germany right now. let's go to
CBS
Nov 23, 2012 4:30am PST
. >>> tax time is still a few months away but there are already changes coming along that could force people in the bay area to pay more. cbs 5 political reporter grace lee takes a look at how changes to the tax laws will impact you. >> reporter: tax changes are adding up and it could cost you a lot. governor brown's proposition 30 raised state income tax on those with a taxable income of $250,000 or more to pay for schools and universities. what you might not know is that it's retroactive meaning if you fall in that bracket, the bill is due this coming april. >> i think there's going to be a few people who will be surprised but there was really nothing you could do plan for it. the election determined whether or not this was going to happen. >> reporter: accountants say for a married couple making $250,000 and filing separately it will cost you about $250. it's not a huge bill but in the bay area where real estate is higher and the cost of living is greater, for most households, disposable income is smaller and every dollar counts. >> this is the type of thing that affects us here. yeah. th
MSNBC
Nov 23, 2012 8:00am PST
in their heels on the issues of taxes. democrats seem to be hardening their stance. taxes, that challenge is going to be to find a way to increase taxes on the wealthy. to increase taxes on higher earners without increasing the rate. that would be a win win for both sides. the question is, how do you do that? one option, to potentially roll back tax breaks that wealthier americans and corporations are given. they're batting a couple of ideas around. one thing that is giving folks hope, the fact that house speaker john boehner and eric cantor seem to be working more in lock step now than they were during the summer of 2011. if that holds, it really could help the house of representatives to get on 3w0rd of some type of idea. >> we've heard from chairman bernanke and others. how much of a factor will the fed and the ceos of all these major companies be as we get closer to this major deadline? >> one of the questions is how do people react where all these tax increase, all these spending cuts take effect. if there's no deal in the middle of december, say, do we start to see some real impacts
MSNBC
Nov 23, 2012 7:00am PST
on a platform of increasing taxes on wealthier americans, if you look at the polls a majority of americans actually agree with him on that issue. as you know, president obama invited congressional leaders to the white house last week. they struck a rare tone of bipartisanship after that meeting. then as you point out, seems like both sides sort of went back to their respective corners and democrats really digging in their heels on entitlements, republicans digging in their heels on the issue of taxes. we're told that aids on the hill are trying to work through a couple of compromise scenarios, especially on the issue of taxes, that would essentially allow taxes to go up on wealthier americans without increasing the rates. there are a couple of ways that you can do this. one would be to roll back tax breaks that will wealthier americans get. another idea is to possibly tax higher income earners on the lump sum of their salaries. so they're sort of batting some of those ideas back and forth. one component though, alex, that is giving folks around here some optimism, speaker boehner and major
CBS
Nov 22, 2012 6:00pm PST
in the bay area to py more. >>> tax time is still a few months away. but there are already changes coming that could force people in the bay area to pay more. cbs 5 political reporter grace lee takes a look at how changes in the tax laws will impact us all. >> reporter: hopefully no indigestion. the bay area is one of the most vulnerable regions to changing taxes and the reason for that is our cost of living is higher and that means prop 30 could affect a larger number of households here. the bigger problem is looming in the federal tax code and it could cost middle class families thousands of dollars. tax changes are adding up and it could cost you a lot. >> we got to make sure we do it right. >> reporter: governor brown's proposition 30 raised state income tax on those with a taxable income of $250,000 or more to pay for schools and universities. what you might not know is it's retroactive meaning if you fall in that bracket the bill is due this coming april. >> there's going to be a few people who will be surprised but there was really nothing that you could to plan for it. it was, yo
SFGTV
Nov 23, 2012 12:30am PST
property tax revenue generate bid the yards your's development on both locations through creation of infrastructure financing district, estimated to yield about 5.8 million a year. >> to clarify the sales price is not per year, it is one time. >> one-time. the estimated total value of an infrastructure financing district, the amount that we could bond against for future property tax revenue off these two is approximately estimated to be 50 million. these values were determined by an appraisal that was conducted by the department of real estate with instructions provided by the city and port. there is then -- >> just one second. jennifer, we do have a few questions. supervisor a loss. >> thank you, chair chu. feeling a need to kick the tires a little bit. but looking at my notes here, when we had america's cup before us. >> yep. >> there was a discussion about seawall lot 330, that being a portion to use to help subsidize development, at that time the seawall lot 330 was assessed at 33million, now 30 million. how are we at the difference? we have seen property values increase gener
FOX News
Nov 23, 2012 8:00am PST
washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. there's the sign to the bullpen. here he comes. you wouldn't want your doctor doing your job, the pitch! whoa! so why are you doing his? only your doctor can determine if your persistent heartburn whoa! is actually something more serious like acid reflux disease. over time, stomach acid can damage the lining of your esophagus. for many, prescription nexium not only provides 24-hour heartburn relief, but can also help heal acid-related erosions in the lining of your esophagus. talk to your doctor about the risk for osteoporosis-related bone fractures and low magnesium levels with long-term use of nexium. possible side effects include headache, diarrhea, and abdominal pa
SFGTV
Nov 23, 2012 5:30am PST
businesses also contribute to 52% of the total sales of taxes paid by businesses in the city. it's also important to note for every $100 spent locally owned independent businesses generate $68 iní%( z5 local economic act, and that compares to only $43 by the national chains or chain stores. joining the small business commission, office of small business, and our local partners, women impacting public policy, the san francisco chamber of commerce and sf travel, i wanted to urge everyone to shop locally during this holiday season. and we wish everyone a great and your holiday with your family friends and loved ones. i also wanted to invite people out on thursday, december 6, that's thursday, december 6, in the evening for our annual clementine, join the merchants from the green apple bookstore to park lifee÷jc- gallery and fy notions small businesses like foggy notion as we celebrate the holidays with our great clement street businesses. thank you. >> clerk calvillo: thank you. president chiu. >> president chiu: first of all i'd like to adjourn today's meeting in recognition of the pass
SFGTV
Nov 22, 2012 11:00pm PST
that you value the hotel revenue is expected toin crease, 6.7 to 5.5 percent. that converts into hotel tax into the city's general fund. the occupantcy will grow to 86 percent when the expansion grows. >> the projected occupantcy of the rooms? >> since the rooms is where it comes from, we have to say that the hotel will benefit from the assessment. >> where is it at? >> 1.5 percent. >> what is the occupantcy? >> it is about 80 percent this year. >> 79, 80 percent, thank you. >> excuse me, office of economic and workforce development. i wanted to go over the approval process, this is for the district which is proposed to fund, you know, over two-thirds of the projects, regarding the moscone expansion, but in addition, the district wants to fund a few other things which i will go into in a minute. a few junctions where there will be a few processes for the approved project. today, we have submitted petitions, actually, they have gone up to 53.97 percent weighted in support of forming the proposed mascone expansion and today is the resolution of intention that you are considering. and after i
CNN
Nov 23, 2012 1:00pm PST
to revisit this. taxing legislation has to come through the house of representatives. so there's john boehner's mandate. >> now, donna, there's another quote from that article in the cincinnati inquirer i want to show and ask you about. he said in it there are essentially three major routes to repeal the president's law, the court of congressional process, with those routes coming up short, the third and final one becomes more important than ever. do you think that's the message of the last election to try to essentially repeal obama care by investigation? >> no. that's not the message. i understand that speaker boehner is still trying to pander to those who lost the election, but the truth is is that two-thirds of this law is already being implemented across the country. some of the most important provisions are about to be implemented in 2013. and of course 2014 when the state exchanges come into play. i think it's important to focus on implementing this law to ensure that we get the kind of quality care, you know, that all americans deserve. and the fact we're trying to insure millions of
FOX Business
Nov 22, 2012 8:00pm EST
at the whole country. my taxes went up 39% and came down 49%. how can anybody get excited about that when you're like god. so somehow we have to get strategic leadership that says that we need to get this engine and the economy pumping again. neil: do you think, and this is mentioned by mitt romney a lot. you know that you are going to do things differently? dubai that? >> everybody talks about reducing taxes because they want more capital to grow their business. but it's also regulations. businesses are confronted at the township and city level. >> here in chicago, you need 161 licenses to open up the business. >> if you open up a job shop, you have to have a license to give them a bath. it's ridiculous. why can't we consolidate some of these things and reduce the bureaucracy? it isn't about the people collecting anything but a paycheck. neil: they must realize that the more they push this, the more it it endangers the economy and their very jobs are online. >> you would think so, when you? there is a lot of evidence that says those people inside the beltway are living in a bubble. washingto
FOX News
Nov 23, 2012 2:00am PST
. that is a proposal to increase the federal gas tax makes its way in discussion about how to solve the so-called fiscal cliff. state hoyce are joining law makers pushing for 18.4 percent tax hike. the tax last raised in 1993. hundreds of our nation's heros getting a warm welcome home in new jersey. vol tierce greeted the soldiers and served them a traditional turkey dinner with all of the trimmings. >> motorcycle is coming and all . people that greeted us was a wonderful experience. nbest thing i had seen in years. >> and this speed and truth event is held every year. >> that is your five on five. nthis morning, israel arrested the person behind wednesday's bomb blast on a bus in tel-aviv while the cease fire between israel and hamas is holding up. peter doocy has more in washington. >> good morning, patty. twen people - 27 people were injured when the bus exploded and an an arab-israeli is in custody for planting the bomb. pam pal militants with ties to hamas and other islamic jihadist in tel-aviv to plant the bomb and call would the handlers it was in place and they dialed a mobile phon
SFGTV
Nov 23, 2012 3:00pm PST
is a bully agency the tax taxidrivers, parking meters in the physically frail. if muni passengers a lucky those taking the bus today are lucky if they are home by christmas. i had to acquaint this board with muni etiquette. when you say to someone i will see you in hell, it means i will see you in a muni bus. >> chairman nolan: next speaker plesae. >> commissioners thank you for letting me speak again. of the record i'm emile lawrence [sounds like]. i want to see what we see the mta is missing by a long mile. technology is superseding your medallions. if you look at the industry in london, they have to separate systems. they have -- taxis and taxes that pick up people on the street which are black cabs. taxis by telephone operate without any license. people can drive their own car or limousine by filing apps by people like hoover -- what i see is a collapse of your medallion prices coming up in the horizon, defaults from drivers, etc. the industry technologically is the preceding your ability to cope with it. i bring that to your attention because over the past six years or so, on t
FOX Business
Nov 23, 2012 10:00am EST
of spending. it is will lead the issue of revenue. there is going to be more new taxes, absolutely right because when we go to the negotiations, john boehner as usual is starting from a position of weakness. if you're going to start from a position of weakness where you have already given up on the spending side of the equation there's only one alternative, taxes get raised. dave: you mentioned spending. i remember 2009 was the stimulus, $800 billion, you can argue forever about whether it worked out all or not but it wasn't a 1-shot deal. we went up $800 billion and then it stayed. it didn't go away. it was supposed to be a 1-shot deal. that is where the deficit is. it is in at $800 billion stimulus. you are looking for where the deficit comes from some saves medicare and social security. it is that need hundred billion dollars that became permanent. >> absolutely. it did. here is the shocking thing about washington. every year the politicians try out these things like tom coburn trots out his waist book every year. hundreds of billions of dollars in identified waste, waste, fraud, dupl
FOX News
Nov 22, 2012 4:00pm PST
to chartd if washington were to reduce our charitable tax deductions. u.s. charities say they don't want to find out. and just when you think your neighbor, you know him well now there is an effort in mexico to change the country's name coming up. if we want to ime our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus
MSNBC
Nov 23, 2012 10:00am PST
to reach a deal on the so-called fiscal cliff. that combination of tax hikes and spending cuts many economists warn could throw this country back into a recession. the president and top congressional leaders met at the white house and it appeared they made progress. since then talks have hit a bit of a rough patch. joining me from louisville kentucky, for a progress report of sorts on whether negotiations stand right now, kentucky congressman john yarmuth. good afternoon to you. >> good afternoon. where do the negotiations stand right now? >> right now, this is something where the staffs of the leadership in both the house and senate and white house are trying to work through possible think they're making a lot of progress and, for instance, one of the ideas that was brought up by republicans was, just eliminate the preferences on the first $380,000 worth of income for those people making more than that and charge everybody 35%, which means that people wouldn't have to vote to raise the highest rate. the problem with that is people like mitt romney and many oth
FOX Business
Nov 23, 2012 1:00pm EST
, high dividend payers, tax advantage dividend payers, going to be an incredibly important aspect for investors next year, and the world and the united states wants to be energy independent. the oil and gas, mlps, more of a commodities play. it's a good -- it's a good solid performer. returns 100% the past three years. it will continue about a 4% dividend. david: david, you know, you think the fed will continue to print money no matter what, and a lot of it, and you are in commodity plays. oil, you like marathon oil and kenroy's gold. explain what they do. >> kenross, one of the five or six majors, selling at the largest discount to all the majors out there. there's a ton of reserves, and, basically, they stumbled over the last couple years taking a toll on the stock, but reserves are so good, and they run the business now for cash low. as long as you continue to print money, the inverse of printing money is gold. these are the printing presses for gold. it's a turn around candidate. david: i have to ask about one of the picks, arch coal. there was a runup in coal thinking romney
FOX News
Nov 23, 2012 6:00am PST
to solve that issue it's good to raise taxes on everybody, even on small businesses. he's really not taking into account the economic impact of what's going on in the country right now. you have to have sympathy for these folks, but they should remember, they should heed the example of hostess and the automakers, you push too hard, there are economic consequences. job consequences and company-wide consequences. patti ann: briefly, the controversy over working on thanksgiving -- >> well, that's a joke. i mean, come on. listen, you take this job, my dad was a bartender. i washed dishes as a kid. we worked easter, okay? easter's a big italian-american holiday, by the way, but we did it because those were the conditions of the job. like i said, these are not coal miners, they're not risking their lives over at wal-mart. they work in retail, and guess what? black friday is a big retail day. patti ann: all right. gotta go. charles gasparino, thanks so much for joining us. >> you got it. gregg: and now a fox news alert. new violence erupting in egypt after president muhammad morsi grants himself n
FOX
Nov 22, 2012 6:00pm PST
google avoids paying a carpet tax rate by basing it -- carpet tax rate by basing -- corporate tax rate by basing it in another country. >>> the first auction of california's cap and trade pollution permits will generate less money than expected. the first sale only raised $289 million. lawmakers hoped to raise $1 billion by june. there are two more auctions planned in february and may. >>> thousands of people earned their right to extra thanksgiving calories this morning in the south bay. >> the turkey trot drew 25,000 runners. there were serious runners and the folk whose took part in the costume contest. all of the money raised go to three different charities. >> people less fortunate, always like to help. every little thing we can do. nice to help. >> participates were also encouraged to bring canned food. >>> officials say they will rebuild their port to with stand a tsunami. the japanese earthquake triggered a tsunami. they will spend $54 million to rebuild. they will extend 16 feet above the water so it won't rip off the docks. >>> just perfect weather today across the bay area.
SFGTV
Nov 23, 2012 1:30am PST
indirect benefits from grocery receipts tax revenue up to 120 million as you have heard capped in private expenditures, rehabilitation of 3032, reimbursement by port of those private construction expenditures. for use of 66 years of credits for pier 3032, valued at 1,970,000 per year. you also heard when i talked about 120 million that does include 13% return to gsw on the reimbursement of construction costs, non reimbursement construction costs. transfer of seawall lot 330 from port of gsw bay and 34 million and four years of general fund property tax revenues, used to repay a 60 million ifd bond. no new ongoing maintenance cost for the port. undetermined maintenance costs for which funding options are explored by the office of economic and workforce development, port and gsw. so based on those criteria the budget and legislative analyst finds the proposed development to be fiscally feasible under the code and therefore we recommend approval of this proposed resolution before you. in accordance of the codes, chapter 29, finding of feasibility as you know that the project merits evaluatio
CNN
Nov 23, 2012 8:00am PST
. neutrogena®. >>> all right. love to shop but hate the crowds? you can shop online and maybe avoid sales tax. you have to wait a day or two for your stuff but amazon claims some are willing to pay tax if it means faster delivery. kwould you believe same day? we look at what this means for you and for your friendly neighborhood merchants. >> reporter: online versus brick and mortar. it has perhaps never been so intense. for years amazon had a key advantage in states like california. no sales tax. local bookstores already under pressure by the rapid rise of e-books and chains felt squeezed. michael tucker owns a chain of bookstores in san francisco. >> if you could save 10%, why wouldn't you? >> reporter: but amazon's tax advantage tax advantage went away. it also began taxing in other states like pennsylvania and texas. they collect only for states where they have a physical presence. now here in california, amazon is building two giant warehouses. including this one near los angeles. it's a million square feet. and for the old fashioned retailers, it's another reason to worry. why? because a
CNBC
Nov 23, 2012 4:00am EST
over some of the concepts that underpin our approach to international tax law. if you have a look at the concepts that very much dry the way in which we determine taxing rights, emphasis about source and residence and permanent establishments, this is very much the language of law that was assigned for industrial and i think it's increasingly found to be wanting when it comes to some of the challenges that the information and digital age that we're now confronting. >> nobody is doing anything illegal. there are complex tax arrangements that are perfectly legal. should we be taxing profits or some other measures of companies. >> well, certainly i think these sorts of things have to be on the table in terms of whether or not it might be a question of looking at where the actual economic activity is occurring. certainly in relation to whether or not companies are in breach the tax laws, i can't generalize, but there are number of practices that comply with all the relevant domestic laws. but the issue boils down to whether or not the international tax concepts are capable of properly
MSNBC
Nov 23, 2012 6:00am PST
way to do that and come back over tax reform next year. i think what the signs are that the president wants to raise tax rates on the wealthiest 2% of earners, a balanced approach, but the republican party is saying, hey, wait a minute. let's close tax loopholes, close deductions. that's a better way. so i think they are looking for are a path down the middle. >> doug, try to reconcile all of this. you have "the washington post" which highlighted the number of polls showing people want smaller government but they don't want cuts in any of the entitlement programs. they do want the deficit cuts. you can't have it all, right? >> right. well, if you look at the exit polling, most were supportive of raising rates on the rich and that has been consistent throughout this election season. i'm bullish. i don't know if it's the turkey or the drink or the redskins victory yesterday affecting me here but i'm bullish that there will be a solution. you have three dynamics here at play. you have a president who is significantly stronger, i think, speaker boehner is stronger inside of his conference
SFGTV
Nov 23, 2012 3:00am PST
direction, from the payroll tax reform to housing, to taking care of our parks. i appreciate your advocacy and your commitment to san francisco. because of our collective efforts, san francisco voters were able to make a very thoughtful choices at the ballot box this past couple of weeks, that have helped fund infrastructure, move to job creating tax policy, and invest in critical housing needs in our city. collectively helping san francisco families and businesses. with that i'd like to take your two questions, supervisors. thank you. >> president chiu: thank you. our first question will be provided by our district 6 colleague, supervisor kim. >> supervisor kim: thank you and congratulations on your leadership on the propositions we passed a through e. in our district we've gotten many e-mails and questions about this but something that hasa uát up with our resident what are current procedures for recouping cost for street closures. specifically, what costs are being reimbursed to the city, beyond permitting fees and what costs incurred by departments other than the mta and sf police dep
FOX Business
Nov 23, 2012 11:00am EST
dagen: yes, i do because i owe taxes. david: more than enough. dagen: thank you, david, love you, david asman. the holiday shopping rush is on. toys "r" us, one of the several big name stores opening last night. did it work? the chairman and ceo of toys "r" us is here. big labor bearing down on wal-mart out prozesting when they will get the most attention, of course. will it hurt sales at the country's largest private employer? if you can stomach anymore travel after the holidays, bestfares.com's ceo says there's wild and crazy deals straight ahead. he is here. top of the hour, stocks now and over 15 minutes, report gray on the floor. robert, triple digit gain, baby. >> you got it. the traders calling it a meltup. light volume today, a shortened day, the bell ringing at 1 p.m. eastern time. we are seeing 110 point gain on the dow, creeping up on 13,000 again, s&p at 1400. they are higher at one time or another during today's trading session. industry groups higher as well. in fact, at one point, saw just one or two stocks and s&p 500 lower on the day. what you see as the traders
FOX
Nov 23, 2012 4:00am PST
're not thinking money after taxes or anything realistic, you're just thinking, 'i'm going to get a windfall of cash and this is going to be amazing!'" "it's not a new story for tech employees to have their options underwater. it's just kinda the breaks." in his book "groupon's biggest deal ever," frank sennett details how founding partners like eric levkofsky cashed out some of their shares before groupon's ipo, pocketing hundreds of millions of dollars in the process. "they're the early-stage founders, they're the ones driving the bus. and there are all sorts of lessons that life isn't fair and that's one of them." though the rank and file still holding shares do have at least some hope for some kind of bonus. 'you know, at this point, you may have lost 66%, maybe 75%. is there a chance you're going to lose that extra 25%? yes there is, but it needs to go down another 100% from here.' knispel has pretty much cashed out 'i didn't get to buy a plane or a boat or anything' and bowman has moved on as well. 'i did have the cash to rebuild the garage for my house because it was falling apart. no
SFGTV
Nov 23, 2012 1:00am PST
there are non related events, they pay the city extra for cost of the events. the giants pay ample taxes. it is the tax revenue that comes to the city's general fund that's been used to pay for supplemental services for mta, police, outside of their premises on game days. is that the model we were expecting for this development? >> i don't think so. we will endeavor to create a separate funding stream that has neighborhood oversight and input. maybe neighborhood control. this is something we need to -- in a cbd model you wind up having neighborhood or stakeholder control of pot of money that can be used to deploy to address issues that are often neighborhood issues. not sure we will have a cbd but what we are committed is creating a dedicated funding stream that is visible and discreet from the city's commitment to ongoing maintenance and security. that the neighbors have said one of the things necessary is an ability to dial a response to impacts from having large numbers of people come in and out of the neighborhood. >> we don't have a real concept of what the funding mechanism would l
SFGTV
Nov 23, 2012 2:00pm PST
in the mta fund don't take a tax deduction. you have to make sacrifices to. and you better sleep on this. (applause) > this will be my third time. i would like to thank mr. chairman for giving us this time. in 1985 when i started driving taxis, i used to live here in the city around -- and i'd take the 90 bus to go to work. the bus driver - we became friends. and the metah officer, we used to take the bus at the same time too, 1988. since 1988, the driver, the muni driver, i know is retired now. the officer i know has retired with full benefits, 40 acres [indiscernible] -- all i did when i signed up for the waiting list was to have my own 40 acres -- [indiscernible] so that i can have my time when i retired, with the time i put in. i have seen everyone here on the board, you are here to help the city, individual stakeholders. i agree with the proposal here that smpta put on, the goal is to help stakeholders. how can you help stakeholders when we have side cabs that advertise on your website, putting 1500 private cabs on the street. a all that we ask was to give everyone on the waiting
FOX News
Nov 23, 2012 3:00pm PST
on instituting health care reform. obamacare aboutsed more two years ago, unfolds in january with new taxes and exchanges ready in october 2013. analysts, however, say the federal government is way behind. >> there wasn't a lot of thought given to obamacare by a single entity making sure the pieces fit together. it was put together by a bunch of special interests and that's why you get this goldberg contraction. >> and just this week the administration finally laid out what it called essential benefits something that insurance companies must have to structure and price their health care plans. the administration is pressing its luck though, because insurance companies normally need more time than the few months left. >> if they're going to stand this up in 11 months, they are pretty close to the wire of having run out of time to do it. >> what it typically takes anywhere from a year to year and a half for an insurance company to develop new policies, get them approved by regulators and develop all the materials needed to sell them to consumers. >> many other parts of the new law, however, h
SFGTV
Nov 22, 2012 11:30pm PST
, and there are two items before you, the first the ordinance, has indicated to mend the business and tax regulation code to extend the future business improvement districts that are created from the current limitation of 15 years to up to 40 years and would provide an alternative weighted two-thirds vote approval that the board could approve as future business improvement districts come forward. and as this is permissive legislation, there is no impact of the proposed ordinance and we recommend approval. we write in the resolution that is before you, which would declare the board of supervisors intent to the new expansion district and for assessments on the hotels city wide, with the two areas, area one and two having the different assessment values, there is a table in our report, table two that shows on page 7, that shows the two zones and the different assessments on the gross revenues. and it has been presented, i will just go briefly. that and shown in an attachment three, on pages 15 to 17 of our report and as discussed in what is now the revised management district plan that is before you. t
CNBC
Nov 23, 2012 1:00pm EST
a deal, there will be tax hikes and sped spending cuts which could be headwinds in itself. >> the market on a short term basis has been a little oversensitive to every tactical change in the likelihood of some kind of deal before the end of the year. it does not mean to me once we get an agreement or don't get an agreement that the market is automatically therefore more vulnerable. i actually think that essentially the 5% move we've had to the up side in the last week when congress started to express a mutual intention of getting something done, that probably gets most people to the idea of, fine, we hash out some compromise that both can maybe declare victory. if not, then soon thereafter. i do think though that you see decent domestic economic numbers underpinning a lot of what's going on below the surface in the market and the headwinds to me being the open question of whether china with reaction sell rate. to me those two things should be driving the market as opposed to kind of the war gaming of the fiscal cliff talks in d.c. >> todd, is this all about the fiscal cliff for you? let'
MSNBC
Nov 23, 2012 9:00am PST
's the question that may take the republicans now four years to answer. did we go too right on taxes and immigration and foreign policy or where were too moderate, not ideological enough? one thing you can never be wrong on, if you lose you can't brag. if you lose, everything gets it, everything you did and nobody will admit he or she is wrong. gee reid managing editor of the grio. joy, you first and john jump m in here. seems like if you look at the trial balloons for 2016 you see the two directions of the party. people like rubio, down in florida, who's talking about the seven days of creation again. and then on the other end of the world, you have chris christie talking about how many days it's going to take us to clean up this mess from sandy. once living in the secular real world, off in the ideological, world that the right likes to get into. joy, you're shaking your head. they haven't decided to go sky high into the ideology with the old testament or become a more modern party. >> i think you picked the right person to focus on. marco rubio, be seems to be at the crossroads. t
PBS
Nov 23, 2012 3:00pm PST
be done about that. among other things, you're saying taxes should go-- in other words, the bush tax cuts should be allowed to expire on everyone under $500,000. which is more than what the president is saying. he's saying it ought to be at 250. yet difference? and have you tukd him about that? >> sure, yeah, yeah, it was over 500, not under 500. yeah, i-- that position, judy, is one that i put on the table a year ago. and i'll tell you why. there isn't anything sort of theological about the $500,000 number. it's just a compromise. the democrats' position has been tax cuts to expire over 250. the republicans' position has been make all the tax cuts permanent. so a year ago i put a of a compromise on the table. if that compromise were accepted, it would raise $500 billion in revenue over the next 10 years, which would take the potential trillion-dollar sequester and cut it in half. and there are a couple of other steps i put on the table during the campaign as well that would reduce the need to find savings that would shred the safety net or hurt the economy. i am really heartened by the o
CNN
Nov 23, 2012 9:00am PST
chambliss is taking aim at tax reformist grover norquist. why the senator may back out of his pledge not to raise taxes. plus, house majority leader john boehner sounding more and more like republicans won't be easily won over during tax talks. the mering fiscal cliff next. >>> and it was a normal thanksgiving morning until this multi-car wreck. how some 100 cars collided in texas. >> it was just a kmpl seconds, chain reaction. crazy. flashed right before my eyes. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day
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